How does a buyer's agency relationship differ from a seller's agency relationship?

Prepare for the Champions Law of Agency Test. Use flashcards and multiple choice questions with hints and explanations to boost readiness. Get exam-ready!

The distinction between buyer's agency and seller's agency is centered around the responsibilities and priorities of the agents involved. In a buyer's agency relationship, the agent acts in the best interest of the buyer, providing support and guidance throughout the purchasing process. This includes negotiating terms and prices that favor the buyer, securing a favorable deal, and helping them navigate the complexities of the real estate market.

This contrasts with seller's agency, where the agent is dedicated to representing the interests of the seller. The focus here is on marketing the property, achieving the best possible sale price, and ensuring a smooth transaction from the seller's perspective.

Understanding this, it becomes clear why the correct choice emphasizes that buyer's agency is about representing the buyer’s interests in a purchase. This fundamental aspect defines the nature of the relationship and the agent's responsibilities to their client.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy